Matiang’i explains why he opposes betting

Betting is a big loss to the country as the industries are making revenues but do not pay taxes- CS Matiang'i Betting is a big loss to the country as the industries are making revenues but do not pay taxes- CS Matiang'i

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Interior Cabinet Secretary Fred Matiang’i has issued orders that foreigners who came to Kenya for other business but ended up investing in the betting industry be deported.

CS Matiang’i has always maintained a tough stance against gambling, accusing the industry of taking advantage of youths in the country.

Speaking during a meeting with betting stakeholders, Dr Matiang’i said betting is a big loss to the country as the industries are making revenues but do not pay taxes.

“If it were up to me, we would not be having betting companies in the country, let us respect our country,” he said.

He added that the country is losing manpower from youths committing suicide due to betting and those wasting working hours on betting platforms.

The CS said most jobless youths are gamblers who get an average income ranging between Sh5,000 – 10,000 per month.

“The betting companies are making revenue in Kenya but since most of them are not licensed they end up paying little to no taxes, for the companies to keep functioning we need evidence that tax is being paid,” said Matiang’i.

Matiang’i added that betting companies owe Kenya Revenue Authority Sh26 billion, and an attempt to claim the amount has been frustrated by court orders.

“Some of the betting companies will be forced out of business if they do not follow the regulations. The Kenyan government cannot keep allowing a business with no order,” said Matiang’i.